Agrochemicals

With demand for pesticides rising, the agrochemicals product manufacturer is expected to record a better bottom line in the future. Beta 0.47 Institutional Holding (%) 26.11 Dividend Yield (%) 4.72 P/E 5.9 Mcap (Rs crore) 406 CMP (Rs) 339.1 If stability in growth and fundamental strength were considered as the most important virtues in the current turbulent times, Rallis India...

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, share his high conviction ideas. ET Now: Any contrarian ideas that would you like to share with us? I am asking this because there here is always a tussle between buying quality stocks at a premium versus finding value in the market. Where would you be placing a contrarian view? Deven Choksey: I do not know. I am still bullish on agrochemicals as well as feed business, though many of...

HYDERABAD: With billions of dollars worth agrochemical patents expiring by 2020, global players keen to make the most of the situation are looking to buy or tie-up with Indian companies known for their low-cost manufacturing expertise. At least $9 billion (about Rs 61,000 crore) worth of patents for more than 50 agrochemical products are expected to be taken off the patent list and manufacturing is likely to move to emerging markets like India. First off the mark has been Japan.

MUMBAI: Indian agrochemical industry is estimated at $ 4.25 billion in FY14 and is expected to grow at 12-13 per cent per annum to reach $ 7.5 billion by FY'19, says a report. "Indian crop protection industry is estimated at $ 4.25 billion in FY14 of which 50 per cent are exports. The crop protection industry has experienced strong growth in the past and is expected to grow further at 12-13 per cent per annum to reach $ 7.5 billion by...

NEW DELHI: Fair trade regulator CCI has approved US-based FMC Corporation's proposed acquisition of Denmark's agrochemical firm Auriga Industries' arm, saying the deal will not cause anti-competitive concerns in the market. Under the proposed deal, FMC would purchase, either directly or through a wholly-owned subsidiary, the entire issued and outstanding share capital of Cheminova -- a subsidiary of Auriga. Following the execution of the deal Cheminova will become a...

In a chat with ET Now, Salil Singhal , Chairman, PI Industries , shares his business outlook. Excerpts: ET Now: How has demand for agri inputs business been in the first three quarters of FY15 between agrochemicals, fertilisers and hybrid seeds? Which division has seen the strongest growth? Salil Singhal: We are basically in the agrochemicals, pesticides division business. It has been a little choppy in the kharif season, but with the...

In a chat with ET Now, Dhiraj Sachdev, Fund Manager-Equity, HSBC AM India, shares his views on the top space choice. ET Now: If I were to ask you to remove your fund managers hat and put an individual investor who does not have mandates to invest in a particular sector up to a particular percentage. If you had to pick one top space in terms of choice and I know you will be spoiled for many because there are so many pockets that look like doing well over the...

KOLKATA: Growing at a compound annual growth rate (CAGR) of about 15%, the agrochemicals sector in India is likely to cross Rs 25,000 crore mark by 2015, apex industry body Assocham said on Wednesday. The Indian agrochemicals market is currently poised at over Rs 16,000 crore, according to a study titled, 'Indian Market for Agrochemicals,' released by the industry body. "Growing awareness about the positive impact and benefits of agrochemicals...

NEW DELHI: Fair trade regulator CCI has approved US-based FMC Corporation's proposed acquisition of Denmark's agrochemical firm Auriga Industries' arm, saying the deal will not cause anti-competitive concerns in the market. Under the proposed deal, FMC would purchase, either directly or through a wholly-owned subsidiary, the entire issued and outstanding share capital of Cheminova -- a subsidiary of Auriga. Following the execution of the...

NEW DELHI: The government asked the agrochemicals industry to invest in research and development (R&D) activities, so that it could remain globally competitive. "The Indian chemical sector spends 1-2 per cent of their total turnover on R&D as compared to around 5-10 per cent by the chemical industry in the developed countries," said Indrajit Pal , Secretary, Department of Chemicals and Petrochemicals under the Fertiliser Ministry . He was speaking at the...

NEW DELHI: Agro-chemicals maker Crystal Crop Protection today said it has acquired the pesticide Luphos-36 from Mumbai-based Cheminova India. "The present acquisition shall help the company move up the value chain in the agro-chemical space and offer the farming community the best solutions," Crystal said in a statement. The company, however, did not reveal financial details. ICICI Securities acted as lead for the acquisition of this particular brand, it...

In a chat with ET Now, Deepak Shenoy, Founder, Capital Mind, shares his views on the market. Edited Excerpts: ET Now: I heard you say a healthy correction of 10%. Do you actually foresee that happening? Deepak Shenoy: I come from doing a little bit of more back testing in terms of before 2007 and after 2007. Markets have been benign after 2010. 2008 and 2009 were turmoil. Before 2007, we saw 30% correction once every two years. So a 10%...

In a chat with ET Now, Mayank Singhal, MD & CEO, PI Industries , shares his business outlook. Excerpts: ET Now: How is the business looking like? The last time we spoke to you, the growth for the next three to four years seemed to be slated at around 20% to 25%. How is demand looking like and are you confident of maintaining this guidance as well? Mayank Singhal: Looking at the way the agrochemical industry is...

MUMBAI: Greenpeace India's claim that it has found pesticide residues in samples of leading Indian tea brands has been rebutted by the agrochemical industry, even as the tea industry contemplates its next move. Crop Care Federation of India (CCFI), the apex body representing the agrochemical industry in India, has moved in swiftly to take legal action against the nongovernment organisation, claiming that its report was 'fabricated' and...

MUMBAI: Indian agrochemical industry is estimated at $ 4.25 billion in FY14 and is expected to grow at 12-13 per cent per annum to reach $ 7.5 billion by FY'19, says a report. "Indian crop protection industry is estimated at $ 4.25 billion in FY14 of which 50 per cent are exports. The crop protection industry has experienced strong growth in the past and is expected to grow further at 12-13 per cent per annum to reach $ 7.5 billion by...

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities, shares his view on the markets . ET Now: We were talking about the GST and the various budget measures, a bit of a pre-budget rally or at least people like to qualify the last few days as that has started. What are the expectations from the budget favourite sectors because tech stars have started to make a move and couple of other spaces have done that. But we...

NEW DELHI: Government on Tuesday asked farmers to shift to bio-pesticides saying that excessive use of chemical pesticides adversely impacts the environment, health and crops. Inaugurating the first global conference on Agrochemicals Protecting Crop, Health and Natural Environment here, Minister of State for Agriculture Kanti Lal Bhuria advocated application of bio-pesticides along with traditional methods for controlling the pests in crop and keeping the environment clean.

In a chat with ET Now, Dhiraj Sachdev, Fund Manager-Equity, HSBC AM India, shares his views on the top space choice. ET Now: If I were to ask you to remove your fund managers hat and put an individual investor who does not have mandates to invest in a particular sector up to a particular percentage. If you had to pick one top space in terms of choice and I know you will be spoiled for many because there are so many pockets that look like doing well over the...

In a chat with ET Now, Dhiraj Sachdev, Senior VP & Fund Manager, Equities, HSBC Asset Management(India) Pvt Ltd, shares his views on Agri sector, Excerpts: ET Now: You have a very large exposure to agri, a trade which I am sure has worked very well for you but is there still some more steam left in the top agri names you own? Dhiraj Sachdev: We do own fairly decent exposure to the agrochemicals business. It has the characteristic of just...